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Drexel, Bates County, Missouri Property Taxes

  • Median Drexel, MO effective property tax rate: 1.11%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.

  • Median Drexel, MO home value: $82,500

  • Median annual Drexel, MO tax bill: $896, $1,504 lower than the national median property tax bill of $2,400.

How are property taxes in Bates calculated?

Property taxes in Drexel, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Drexel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Drexel, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Drexel, Bates County, Missouri Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$1,172

$1,087

Ownwell’s Drexel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Drexel with just two data points. By entering your property's estimated assessed value, our calculator applies Drexel’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bates County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Drexel, Bates County, Missouri

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. The reason for this variation is that each county annually estimates the budget needed to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this is essentially how tax rates are determined each year. In Drexel, located in Bates County, Missouri, the effective property tax rate can be compared to other cities within the state, as well as the median property tax rates in Missouri and across the U.S. Interestingly, Drexel shares the same effective property tax rate as the highest and lowest rates in its surrounding areas, which aligns closely with Missouri's median tax rate. When compared to the national median property tax rate and bill, Drexel's rates offer a unique perspective on how local government funding requirements influence property taxes.

Property Tax Rates Across Drexel, Bates County, Missouri

Source: Ownwell

0.91%

1.16%

1.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Drexel Tax Rate

1.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Bates County Tax Rate

1.16%

Median Effective Missouri Tax Rate

1.25%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Drexel, Bates County, Missouri

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
647421.05%1.14%1.40%1.49%1.49%

Source: Ownwell

Property Tax Assessment Values Across Drexel, Bates County, Missouri

When examining property taxes in Drexel, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bates County assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Bates County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Drexel. For example, the median home price in Drexel is $82,500, with tax bills ranging significantly across the county. Zip code 64742 has the highest median home price at $82,500.

Property Tax Assessment Values Across Drexel, Bates County, Missouri

Source: Ownwell

$25,200

$76,100

$127,000

Median Drexel Market Value

$83,700

Median Bates County Market Value

$68,500

Median Missouri Market Value

$136,526

Median United States Market Value

$235,294

Property Tax Assessment Values Across Drexel, Bates County, Missouri

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
64742$33,500$54,500$83,700$145,300$242,460

Source: Ownwell

Property Tax Bills Across Drexel, Bates County, Missouri

In Drexel, located in Bates County, MO, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $82,500. Property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners here, tax bills can vary significantly, with the 25th percentile at $576 and the 75th percentile reaching $1,565. The 90th percentile tax bill can go up to $2,304. The median tax bill stands at $896, which is below the national median of $2,400, offering some relief to local homeowners. However, tax assessments may not always reflect current market conditions, leading to potential overpayments. Ownwell can assist homeowners in Drexel by reviewing their property assessments to identify discrepancies and filing appeals to ensure fair taxation. By leveraging their expertise, homeowners can potentially reduce their tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Drexel, Bates County, Missouri

Source: Ownwell

$284

$706

$1,127

Median Drexel Tax Bill

$1,127

Median Bates County Tax Bill

$783

Median Missouri Tax Bill

$1,684

Median United States Tax Bill

$2,400

Property Tax Bills Across Drexel, Bates County, Missouri

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
64742$475$705$1,127$1,961$3,052

Source: Ownwell

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